BNP Paribas Has $1.22 Million Stock Holdings in Citigroup Inc. (NYSE:C)

BNP Paribas reduced its holdings in shares of Citigroup Inc. (NYSE:C) by 5.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,511 shares of the company’s stock after selling 1,100 shares during the quarter. BNP Paribas’ holdings in Citigroup were worth $1,218,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Beacon Capital Management LLC boosted its holdings in Citigroup by 85.5% during the first quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock worth $29,000 after purchasing an additional 212 shares during the last quarter. LRI Investments LLC bought a new stake in shares of Citigroup in the first quarter valued at approximately $124,000. PGGM Investments raised its position in shares of Citigroup by 51.2% in the first quarter. PGGM Investments now owns 263,873 shares of the company’s stock valued at $16,687,000 after purchasing an additional 89,329 shares during the period. Cetera Investment Advisers raised its position in shares of Citigroup by 120.6% in the first quarter. Cetera Investment Advisers now owns 469,152 shares of the company’s stock valued at $29,669,000 after purchasing an additional 256,527 shares during the period. Finally, Cetera Advisors LLC grew its stake in Citigroup by 219.4% during the first quarter. Cetera Advisors LLC now owns 237,663 shares of the company’s stock valued at $15,030,000 after acquiring an additional 163,247 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Trading Up 0.6 %

NYSE:C opened at $70.16 on Thursday. The company has a fifty day moving average of $64.98 and a 200 day moving average of $62.99. Citigroup Inc. has a 52 week low of $44.56 and a 52 week high of $71.19. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.55. The firm has a market capitalization of $132.69 billion, a P/E ratio of 20.34, a P/E/G ratio of 0.79 and a beta of 1.44.

Citigroup (NYSE:C) last issued its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.31 by $0.20. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The business had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.86 billion. During the same period in the prior year, the business earned $1.52 EPS. The company’s revenue for the quarter was up .9% on a year-over-year basis. On average, research analysts predict that Citigroup Inc. will post 5.85 earnings per share for the current year.

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were issued a $0.56 dividend. The ex-dividend date was Monday, November 4th. This represents a $2.24 annualized dividend and a yield of 3.19%. Citigroup’s dividend payout ratio (DPR) is presently 64.93%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on C shares. Evercore ISI boosted their price target on shares of Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 16th. Bank of America boosted their price target on shares of Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Morgan Stanley cut their price target on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Wells Fargo & Company boosted their price target on shares of Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Finally, Oppenheimer upped their price objective on shares of Citigroup from $91.00 to $107.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $73.00.

Citigroup Company Profile

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.